Life relates to trading and trading relates to life. Constantly revealing, unfolding before us as we trade and live, so I write about how my life relates to trading and how I trade the markets. Along the way I share my opinions on anything that evokes my passion or tickles my funny bone trying not to forget that enjoying life is the best part of living.

Tuesday, February 2, 2010

The Daily Note - A Swinging Day

Yesterday was what I would call a swing day. The markets reversed the previous two weeks of correction with a significant end. With a few exceptions. Whether this will be a true reversal only the next few days will tell. It could be a consolidation as the DJIA suggests between the 10100 and 10300.

Swing days tend to be cautious only because traders have been conditioned to a trend and now not only do they have to switch directions, they have to trust that the new direction will continue. So being alert is extra important. It happened with DTO. Sensing a direction change, I posted this pick in the subscriber section yesterday yet, I was suspicious about its reversal, and kept vigilant and as it played out with the market to close near bottom of the day. It turned out to be a nice 4 point play. It is these type of trades that I feel worthy to hold over, because the direction and momentum is well defined. When holding over, I don't hold a large position; I only carry a small one. It's because I don't like to give back what I have gained and I figure I can add to my position if my calculation is correct, the next day.

I try to pick stocks for The Play List which can be executed more than one day during the week and perhaps even more than one time during the day; and although I do not actively have time to announce each possibility, I hope that subscribers and followers try to see if they can capitalize on them. And enjoy a swinging day with Sinatra to keep you company:

Happy Trading, Living and DancingAnni

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About Me

a posse ad esse or from being able, to being

In trading as in living, We must see the possible in order to create the actual. Through a maze of charts, indicators and endless outlook chatter, we must create our own vision and from that actualize our possibilities. In short, create and realize our dreams.
With my experience and ability to visualize, I can help you realize yours.
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DISCLAIMER

Day Trading with Anni is a blog and website intended for education, entertainment and information only. The content provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All readers, traders, or investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.That said, all content is under copyright by the author.